News

BENGALURU: Gold inched higher on Wednesday in thin range-bound trading as lower U.S. Treasury yields boosted the bullion’s appeal, keeping prices above the key level of $1,800 per ounce. Read full story

KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has affirmed its AA+IS rating with a stable outlook on Sime Darby Property Bhd’s (SD Property) Islamic medium-term notes programme of RM4.5bil under the Shariah principle of Musharakah. Read full story

SINGAPORE: Oil prices edged higher on Wednesday after rallying overnight as industry data showed a decline in U.S. inventories, boosting demand sentiment. Read full story

KUALA LUMPUR: Life insurance and family takaful policyholders affected by the floods have been offered a range of support and relief measures, including an extra timeline of a few months for payment of premiums/contributions. Read full story

KUALA LUMPUR: The FBM KLCI reversed its earlier loss at market close, closing 0.33% higher at its intraday high. Read full story

KUALA LUMPUR: Port Klang handled a record-breaking container volume of 13.64 million twenty-foot equivalent units (TEUs) as of Dec 28, 2021, surpassing its 2019 record of 13.58 million TEUs despite the many challenges of COVID-19 as well as the spillover effects of container shortages, port congestions and most recently, adverse weather conditions. Read full story

KUALA LUMPUR: Impiana Hotels Bhd has entered into a non-legally binding term sheet to acquire a 30% equity interest in Accuventures Sdn Bhd in two tranches. Read full story

KUALA LUMPUR: Serba Dinamik Holdings Bhd chief executive officer/group managing director Datuk Mohd Abdul Karim Abdullah has been charged by the Securities Commission (SC) for submitting a false statement to Bursa Malaysia. Read full story

KUALA LUMPUR: Vertice Bhd and Consortium Zenith Construction Sdn Bhd have mutually terminated the contract for the construction works for Package 2 of the Penang Mega Infrastructure project worth RM815.0 million undertaken by Buildmarque Construction Sdn Bhd. Read full story

KUALA LUMPUR: Gagasan Nadi Cergas Bhd’s wholly-owned subsidiary, Nadi Cergas Sdn Bhd, has received a Letter of Award (LoA) from Paramount Property (Sepang) Sdn Bhd, a subsidiary of Paramount Corporation Bhd, to design and build high-rise affordable housing project worth RM195.2 million. Read full story